O2Micro Revises First Quarter 2019 Financial Guidance
March 29 2019 - 9:00PM
O2Micro® International Limited (NASDAQ: OIIM), a global leader in
the design, development and marketing of high-performance
integrated circuits and solutions, today revised its guidance for
the first quarter of 2019. The company now expects its first
quarter revenue to be approximately $12.5 million to $13 million,
versus previous guidance of $13.9 million to $15.3 million. In
addition, gross margin for the first quarter is expected to be 50%
to 50.5%, which is within previously provided guidance.
The reduction in anticipated revenue for the first quarter 2019
is primarily the result of inventory correction in the TV market,
as well as changes within the industrial sector. Due to these
changing market conditions and other external factors, these
customers are also maintaining lower than normal inventories.
Sterling Du, Chairman and CEO of O2Micro, commented, "We expect
the impact to our revenue by inventory correction to lessen in the
second quarter of 2019. Our design wins continue to be strong as we
expand into High Performance ICs in multiple applications
supporting our path toward long term profitability.”
No conference call will be held in conjunction with this
financial guidance update. Additional information will be available
when the Company reports its first quarter results prior to market
open on May 1st at 9am Eastern.
About O2MicroFounded in April 1995, O2Micro develops and markets
innovative power management components for the Computer, Consumer,
Industrial, Automotive and Communications markets. Products include
Backlighting, Battery Management, Power Management and LED General
Lighting. The company maintains offices worldwide. Additional
company and product information can be found on the company website
at www.o2Micro.com.
O2Micro, the O2Micro logo, and combinations thereof are
registered trademarks of O2Micro. All other trademarks or
registered trademarks are the property of their respective
owners.
Contact Information:
Daniel Meyberg
Investor Relations, O2Micro
Phone: 408.987.5920, x8888
Email: ir@o2micro.com
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